Received Exchange Rate Difference Invoice

When the payment date of the previously issued invoices comes, in case of a currency difference between the invoice and the payment date in favor of whichever party, the amount resulting from this difference is invoiced. This invoice is called “Exchange Difference Invoice”.

Route: ERP > Sales & Distribution > Invoice > Purchase Invoice

What to Consider?

• If “Accounting Transaction” is not checked in the transaction category, the warning “No accounting transaction is performed for the selected transaction” is displayed in the accounting transactions.
• If the invoice amount is 0, even if "Accounting Transaction" is selected in the transaction category selected for the invoice, transactions with a value of 0 do not make accounting transactions
• Currency Difference product must be defined in the system and the "FX Gain/Loss" account must be selected for the accounting purchase account code of this product.
• "Exchange Rate Difference To Be Issued" should be entered in the unit price section of the added product in the basket.
• Payment Method must be entered. Otherwise, payment performances cannot be monitored.
• The 2nd currency of the row must be entered, otherwise, the report cannot be obtained according to the transaction currency.

"Received Exchange Rate Difference Invoice" is selected from the "Transaction Type" section on the Purchase Invoice new registration screen, and the transaction is recorded after filling in other necessary information.

How are Received Exchange Rate Difference Invoice accounting records created?

For the Received Exchange Rate Difference Invoice, the "Currency Difference" product is defined in the system.